The opposite of insolvency in that an individual has the necessary funds to meet their financial obligations and pay debts as they become due. Executors managing a solvent estate should expect to have funds remaining to distribute to beneficiaries at the conclusion of the estate administration process. Given that the executor process can take up to 1 year, there are many estate expenses to keep up during the year (home insurance, utilities, etc) and therefore solvency of the estate should be considered early in the process.
What you need to know
What to say when a loved one dies
Losing someone you love is one of the most difficult and emotionally raw experiences life has to offer— which is why it's often difficult to find the right words to share with a loved one. Please use this comprehensive list as a trusted guide for sharing your deepest sympathies.
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